Wheeler Real Estate Investment Trust, Inc. (WHLR) [Rocket]

In millions, except per share items	Dec-31-22	Dec-31-21	Dec-31-20	Dec-31-19	Dec-31-18	Dec-31-17	Dec-31-16	Dec-31-15
	8-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K
Revenues:
Rental revenues				62.4	63.0	44.2	33.2	20.6
Tenant reimbursements								5.9
Other				0.7	2.2	14.4	11.0	1.2
Total revenues [+]	76.6	61.3	61.0	63.2	65.3	58.5	44.2	27.6
Tenant reimbursements								5.9
Lease / rental				62.4	63.0	44.2	33.2	20.6
Other	1.5	0.9	1.0	0.7				0.2
Revenue growth [+]	25.0%	0.5%	-3.4%	-3.2%	11.5%	32.6%	59.9%	85.9%
Rental revenues				-0.9%	42.8%	33.1%	61.4%
Cost of goods sold	-2.6	17.9	17.2	0.0	0.1	0.9	1.6	0.0
Gross profit	79.2	43.4	43.8	63.1	65.2	57.6	42.6	27.6
Gross margin	103.4%	70.8%	71.9%	100.0%	99.9%	98.4%	96.5%	100.0%
Selling, general and administrative [+]	8.6	8.8	7.5	9.2	11.4	10.4	15.5	16.8
Sales and marketing								3.4
General and administrative [+]	8.6	8.8	7.5	9.2	11.4	10.4	15.5	13.4
Wages and related expenses		1.5	1.6	2.0	2.7
General and administrative expenses	8.6	7.1	5.8	6.6	8.2	7.4	9.9	13.4
Other selling, general and administrative								3.4
Other operating expenses	25.7	-2.1	0.0	20.2	14.8	19.4	6.8	6.4
EBITDA [+]	44.9	36.6	36.3	33.8	39.0	27.8	20.3	4.4
EBITDA growth	22.6%	0.8%	7.5%	-13.3%	40.2%	36.6%	359.3%	263.3%
EBITDA margin	58.6%	59.7%	59.5%	53.5%	59.7%	47.5%	46.1%	16.0%
Depreciation	19.5	11.1	11.3	12.0	12.7	10.6	7.9	5.4
EBITA	25.4	25.5	25.0	21.8	26.3	17.2	12.5	-0.9
EBITA margin	33.1%	41.7%	41.0%	34.4%	40.3%	29.4%	28.2%	-3.4%
Amortization of intangibles		3.7	6.0	9.3	14.4	15.6	12.8	11.5
EBIT [+]	25.4	21.8	19.0	12.5	11.9	1.6	-0.3	-12.5
EBIT growth	16.3%	14.7%	52.7%	4.8%	660.0%	-637.1%	-97.7%	101.9%
EBIT margin	33.1%	35.6%	31.2%	19.7%	18.2%	2.7%	-0.7%	-45.1%
Non-recurring items [+]	0.8	2.3	0.6	1.6	9.4
Asset impairment	0.8	2.3	0.6	1.6	9.4
Interest expense, net [+]	30.0	33.0	17.1	19.0	20.2	15.7	12.7	8.9
Interest expense	30.1	33.0	17.1	19.0	20.2	17.2	13.4	9.0
Interest income	0.1	0.0	0.0		0.0	1.4	0.7	0.1
Other income (expense), net [+]	-3.0	4.1	-1.0
Gain (loss) on sale of assets		2.1	0.0	1.4	2.5	1.0
Change in fair value of warrants		3.8
Other non-operating income		0.6
Other non-ooperating expenses		-0.2	-1.0
Other		0.6	0.0
Pre-tax income	-8.5	-9.3	0.3	-8.1	-17.8	-14.2	-13.0	-21.4
Income taxes	0.0	0.0	0.0	0.0	0.0	0.1	0.1	0.0
Tax rate	0.0%		0.0%					0.0%
Earnings from continuing ops	-8.5	-13.2	-9.3	-22.7	-29.3	-23.6	-16.6	-105.9
Earnings from discontinued ops						1.5	0.7	2.1
Net income	-8.5	-13.2	-9.3	-22.7	-29.3	-22.1	-15.9	-103.8
Net margin	-11.1%	-21.6%	-15.2%	-35.9%	-44.9%	-37.7%	-36.0%	-375.9%

Basic EPS [+]	($0.86)	($1.36)	($0.96)	($2.34)	($3.17)	($2.72)	($1.97)	($21.76)
Growth	-36.6%	42.4%	-59.1%	-26.0%	16.4%	38.1%	-90.9%	1105.5%
Diluted EPS [+]	($0.86)	($1.36)	($0.96)	($2.34)	($3.17)	($2.72)	($1.97)	($21.76)
Growth	-36.6%	42.4%	-59.1%	-26.0%	16.4%	38.1%	-90.9%	1105.5%

Dividends per share [+]					$1.58	$2.40	$2.10	$1.82
Growth				-100.0%	-34.2%	14.1%	15.4%	333.3%

Shares outstanding (basic) [+]	9.8	9.7	9.7	9.7	9.3	8.7	8.4	4.9
Growth	0.8%	0.1%	0.3%	4.5%	7.0%	2.8%	73.0%	-33.8%
Shares outstanding (diluted) [+]	9.8	9.7	9.7	9.7	9.3	8.7	8.4	4.9
Growth	0.8%	0.1%	0.3%	4.5%	7.0%	2.8%	73.0%	-33.8%

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.